Westlake at a glance
- Population: about 1,920 residents, ranking 617th of 1,224 Census places in Texas (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 1,628 residents here (US Census Bureau).
- 2020 to 2023 change: population rose about 17.9% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Texas places: 617th-largest of 1,224 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 50% of places in Texas rank below it by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 32.9855, -97.2038.
- Nearest larger cities: Trophy Club, TX (2 mi); Roanoke, TX (2 mi); Keller, TX (4 mi); Southlake, TX (4 mi); Flower Mound, TX (6 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Bartonville, TX (8 mi); Corral City, TX (8 mi); DISH, TX (12 mi), each a US Census place.
What a personal loan costs in Westlake
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Texas lending rules that apply in Westlake
The table carries the Texas rate and licensing rules that apply to consumer loans made in Westlake.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | License required for non-depository lenders charging more than 10% interest; Chapter 342 governs consumer loans (Tex. Fin. Code § 342.051) Source says: Non-depository lenders who engage in making, transacting, or collecting loans with a rate of interest greater than 10% must be licensed by the OCCC. | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| State lending regulator | Texas Office of Consumer Credit Commissioner (OCCC) Source says: The OCCC licenses and regulates non-depository lenders in the state of Texas. | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 10% per year maximum; a greater rate is usurious unless otherwise provided by law (Tex. Fin. Code § 302.001) Source says: The maximum rate or amount of interest is 10 percent a year except as otherwise provided by law. | Texas Legislature (Texas Constitution and Statutes) as of 2026-09-16 |
| Payday lending status | Legal via licensed credit access businesses (payday/title-loan brokers); the third-party lender itself is not licensed (Tex. Fin. Code ch. 393) Source says: the credit access business that serves as the broker is the licensee in this regulated industry | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
How to compare offers in Westlake
The order below is a sensible way to approach a loan in Westlake:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Texas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.